A Brief Comparison of Credit Unions Vs. Banks

credit unions in Colorado Springs

If you are looking for an institution to open a new checking account, a savings account or a credit line, you have several options, two of the most common ones being traditional banks and credit unions. While the range of the services provided by the two types of organizations includes certain types of financial products that are common for both, there are several important differences between the two institution types – here are some that you should know about before choosing one over the other.

Profit Status

One of the most important differences between banks and credit unions is their approach to profit. Banks are either privately owned or publicly traded, which means that they are for-profit organizations, businesses that focus on making a profit, rather than on the individual needs of their account holders, and that usually charge higher rates and more fees than credit unions. Credit unions, on the hand, are set up as cooperatives, which means that they are owned by their members. Credit unions in Colorado Springs confirm that membership in a credit union is usually based on a feature shared by the members, such as being part of the same community or age group or working in the same industry segment, and the unions themselves are focused on providing the best solutions for the needs of their members, with lower rates and fewer fees than in the case of banks.

The Benefits of Choosing a Bank

While the low rates and the convenient fees make credit unions very attractive at first sight, there are fields in which banks surpass credit unions. Here are some:

  • Availability to everyone – anyone can open an account with conventional banks, bank accounts are not reserved for people who share a particular affiliation;
  • Comfort – conventional banks usually have a more extended infrastructure, with more branches and ATMs than credit unions, which makes them easier and more comfortable to use;
  • Financial technology – banks usually invest some of their profit into developing technological solutions and IT infrastructure, such as mobile banking solutions. Developing such features is a long and expensive process, therefore credit unions rarely use cutting edge technology, banks being superior in terms of the available IT features;
  • Product range – conventional banks usually offer a much wider range of services and products than credit unions.

The Benefits of Credit Unions

All credit unions, including credit unions in Colorado Springs, offer some unique perks – here is what to expect:

  • Excellent customer service – credit unions focus on their members’ needs, therefore they excel when it comes to customer service, offering personal attention, guidance when it comes to understanding financial solutions;
  • Periodic earnings – credit unions being not-for-profit organizations, they redistribute any profit that they make to their members, either in the form of dividends or in the form of earnings on their deposits;
  • Easier to use – most credit unions don’t have minimum balance requirements, their ATM fees and the deposits they require when opening an account are lower, just like their overdraft limits;
  • More favorable loan conditions – the interest rates offered by credit unions are usually considerably lower than the rates offered by banks.

The Difference Between a Real Estate Broker and an Agent

houses for sale in Erie

In the situation where you have chosen to turn to a specialist, it is natural that you have to pay for the service you get and for the quality guarantee. In real estate this is made through the representation contract or the contract for real estate brokerage services, whether we are talking about the representation of the seller / owner or buyer / tenant.

Depending on the position you are in the real estate transaction, it is good to know from the beginning which type of agent suits you best. As we will see, the concept of this profession brings together under this general name, several types of agents.

Many people unfamiliar with the real estate industry use the terms “real estate agent” and “broker” as if they meant the same thing. However, there are differences between the two nomenclatures, the most important being the services offered by each of them.

A real estate agent is a true real estate professional, who has the necessary education in the field and who passed the real estate license exam. It is the most general of the titles, as it represents the starting point for most professionals in the real estate industry. Agents are also known as real estate associates.

On the other hand, a real estate broker continued his education and passed the level of real estate agent, obtaining a real estate broker license. Brokers can work independently or have other real estate agencies working for them.

The biggest distinction between a real estate agent and a broker is that a broker can work independently, while an agent must work under an authorized broker.

Purchasing real estate can be an exciting experience, but it can also turn into an awful experience if things go wrong. As with any potential investment, if you are looking for houses for sale in Erie, it is important to know the current market situation, and for this you will need to find professional real estate advice. There are many sites with tips to do this, but many of them are run by real estate brokers, and although there may be some good information out there, it is likely to come with a healthy dose of branding and some subtle, or less subtle, sales tactics. The best option is to go to a real estate agent, who is closer to the real estate market where you want to buy or sell, and can offer you reliable information and concrete advice, as objective as possible.

If you use the services of a real estate broker, you have all the chances to be just one of the many other projects they are involved into and to be put on a waiting list.  Instead, a real estate agent does not have as many clients and you will benefit from much more attention. Your questions will be promptly answered, your problems will get solutions as soon as possible, according to your needs and requirements.

Besides, anyway, if you go to a real estate broker, it is likely to be redirected to a real estate agent that works for them.

Why Hire Outside Companies for Safety Professionals Staffing?

Every business needs to create and implement safety procedures as per the requirements of the Occupational Safety and Health Administration (OSHA). This means that you must have a position in the organizational scheme for a person in charge with safety.

This person is responsible for every aspect related to work safety:

  • Creating and implementing the safety rules
  • Training the employees
  • Following the legal procedure in the case of a labor accident.

What Are Your Options for Filling In the Safety Specialist Position?

Given the fact that this is a mandatory position for your business, you have three options:

  • You can select a member of the current staff and give them safety responsibilities
  • You can recruit a safety specialist
  • You can outsource this position to a specialized safety professionals staffing company.

Each of these options has some advantages and disadvantages. However, when it comes to hiring outside your company (outsourcing) the advantages outweigh the disadvantages for all kinds of businesses, small, medium or large.

Discover the Reasons to Outsource Your Safety Position to a Staffing Agency

safety professionals staffing

Here are the main benefits of choosing to let a staffing agency manage your safety procedures:

  1. You Cannot Afford Hiring a Safety Professional

Small companies do not have the necessary HR budget to hire a skilled safety specialist. These professionals are looking for challenges and have certain expectations in terms of salary and benefits.

Even if you could meet their financial expectations, you do not really need such a specialized professional as a full time employee. When you sign an agreement with a safety staffing agency, they will identify your needs and allocate the right person for the adequate number of hours per day or days per month to manage your safety program.

  1. Your Safety Staff Is Overwork and Under Qualified

Many small and medium sized enterprises have made the choice to resort to current staff to fill in the safety position. Very soon, these employees realized that they are overwhelmed by the legislation, safety codes and standards and other aspects of creating and running a safety program.

A safety specialist has both theoretical and on the job training and can easily manage these aspects. Moreover, the safety staffing agency will appoint a person with experience in your industry and/or field of activity.

  1. You Want an Objective Analysis of Your Current Safety Program

An outside look will always find something that you and your safety specialist failed to notice. It can be a lax procedure for dealing with certain risks, because you are too confident in the skill and experience of your workers. Or it can be a chain of procedures that may lead to noncompliance, which you never consider analyzing.

Safety staffing agencies can appoint specialists who are experienced in creating and evaluating best practices and programs. They have an objective mind and are independent in their evaluation.

  1. You Want a Top Notch Safety Program

If you operate in a heavily regulated industry, such as the food and pharmaceutical industries, you want to be 100% certain that your safety program is up to date and fully compliant.

In this case, you should outsource this activity to a specialized staffing company. They have a team of experienced safety specialists, whose entire career revolved around creating and optimizing safety programs for other companies.

 

Great Questions to Ask A Potential Executive Recruitment Company

Turning to an executive recruitment company to find candidates for the key positions in your company is the best way to streamline the recruitment process and to reduce the time necessary for finding the perfect match. This also means that the first step that your organization needs to make is to find the right search firm – here are some tips about the best ways to identify the best partner and about the questions that you need to find out the answers to before hiring a executive recruitment company.

How to Identify the Best Search Firm

One of the best ways to find the right recruiter is to turn to industry colleagues to get recommendations. Talk to people you know in your industry and ask them whether they have used an executive recruiter before, then try to find out as much as you can about the companies that were recommended to you. You can also turn to management consulting firms for recommendations or you can carry your own research online to find suitable recruiters and to check their reputation.

While searching for a recruiter, be aware that each industry is different, each field of activity comes with different features and requirements, so make sure to hire a recruiter that specializes in your industry.

executive recruitment company

Questions to Ask While Assessing Potential Executive Recruiters

During the interview with potential recruiters to hire, you should ask general questions as well as questions that will give you more insight into the recruiter’s processes and specializations. The general topics should include the company’s longevity in the business, what they know about your organization, their fee structure (there are two structures used by recruiters, retained and contingency-based) as well as topics related to the company’s recruiting policies and processes and to the ways they protect the confidentiality of any data they might obtain during the recruitment process.

While interviewing an executive recruitment company about their specialization and industry insight, you should ask questions about the various stages of their search process, about the search parameters that they use for identifying and approaching suitable talent, about the assessment and the background checks performed to find out more about candidates and the methods used for presenting candidates to key decision makers in your organization (as the candidates are identified or simultaneously). You should also find out about how the interviewing is conducted, whether the recruiter will perform a preliminary interview or they will send the candidates to your organization for interviewing and whether the recruiter’s services also include discussions with your company about the strengths and weaknesses of each candidate.

Get References

At the end of the meeting with your potential recruiter, ask the person you are talking to provide your references, even if you have found the company based on recommendations from industry colleagues. When you receive a list of references, take your time to call several companies on the list – the more people you talk to, the more you will find out about the recruiter, so reference checking is an essential step in finding the right executive recruiter for your company.

Where Do I Start if I Want to Sell My Business?

When searching for info on how to sell my business, I realized that a successful strategy requires active portfolio management and a well-developed divestment process. Here is what I found:

So, you will have to start by identifying the professionals who can help you and, if necessary, create a sales team. In some cases, a good broker may be enough. It is very important to work with a specialist in selling business because they have a wide range of specializations, so as to help you stay above the problems and avoid losing value. From helping you understand the potential risks and benefits of a sale to supporting you in minimizing impairment, specialists will assess your situation and support your trading position so that you maximize your capitalization price and execute the transaction with minimal disruption of the remaining business operations.

An integrated team of specialists will help you focus on key questions in the critical stages of the planning and execution of the divestment.

  • Portfolio strategy: How do I maximize the value of shares?
  • Exit options: What are my strategic exit options so as to maximize the value of the shares?
  • Preparing for the exit: How do I prepare the business for the exit?
  • Making the transaction: How to complete the transaction at a favorable price?
  • Pre-contracting: Am I ready to complete the transaction?
  • Post-contracting: How do I capture the value created?

how to sell my business

When you sell your business, you will usually go through these steps:

  • Analyze the business to find value points.
  • Create a financial presentation that shows the history of growth and the potential of the business.
  • Approach potential buyers
  • Meet with interested buyers, so that you can organize financial presentations.
  • Negotiate the price. In principle, you will reach an agreement. You appoint lawyers to represent you by agreement.
  • The buyer examines the company to make sure they know what they are buying.
  • You’re finishing the deal. This is the day when documents are signed and money and assets are exchanged. Lawyers will take care of most of the process.
  • You manage post-transaction activity. You will work with the buyer to announce the takeover of the business.

This whole sale process usually takes months, but can continue for years. And you may have to go through it several times, if the initial transaction fails.

Remember that the sales process will vary depending on your industry.

Advisors are essential to successfully complete a sale. Many people who sold their businesses will be more than willing to meet you for a coffee and tell you about their experiences. They will be able to share what worked for them, what they wanted and how the counselors really helped them. But you may also have an idea of ​​who is available in the market for a business like yours right now. These short conversations can be incredibly valuable.

From finance and human resources to law and taxes, surround yourself with mergers and acquisitions experts. You can benefit from their enormous combined experience to make sure you don’t make too many mistakes.

 

 

How Do I Choose A Financial Planner?

The field of financial planning refers to the financial objectives of individuals, both natural and legal. In this article we will insist on the role of the financial planner and consultant in the life of a person and on guidelines to choose a financial planner.

What is an independent financial planner and consultant?

An independent financial planner and consultant is a person who knows information from the sphere of financial goals planning (based on Maslow’s Hierarchy of Needs) and information from the financial market, to develop a strategy from the perspective of allocating personal finances, in order to achieve financial goals.

Knowing the financial situation of each person, their objectives and discussing in detail their individual particularities, a financial planner can connect this information with the financial market: economy, financial products and services for a systematic planning and for finding an optimal solution that will lead to obtaining the respective financial objective(s).

Additionally, the term “independent” gives the possibility to know more financial fields, respectively financial information that can be correlated with the individual situation of the current financial situation and the financial objectives, to create an optimal plan for each individual that allows achieving the objective in an efficient way.

Look for expert financial planners in the Referral List

The duties of an independent financial planner and consultant:

  • To identify each person’s financial goals, both in terms of needs and desires
  • To identify the current financial situation as a whole, as well as the future one, taking into account the individual and social-economic particularities
  • To analyze the entire perspective of the financial market, both from the current and future perspectives
  • To make the current financial situation known, to determine the awareness of the relationship between the client’s current financial situation and the economic situation of his community in terms of opportunities and risks
  • To provide information on all financial aspects, both personal and economic
  • To identify the necessary solutions for the particular situation of the client
  • To create, together with the client, a plan, a course of action to follow together in order to achieve the main objective set
  • To integrate in the plan secondary objectives too
  • To provide individual counseling along the way and, if necessary, reorganization so that the final goal is achieved according to the plan

Therefore, your financial planner and consultant is a specialist who, like a doctor, knows your situation and offers you a customized “recipe”.

When you choose a financial planner, always look for someone who is CFP (Certified Financial Planner). CFP certification is a proof of expertise, representing the most significant credential in this business. A CPF is licensed, regulated, has adequate training on various aspects of financial planning and has passed a test administered by the Certified Financial Planner Board of Standards. Look at the Referral List for recognized financial planner experts.

You should avoid financial planners who earn money based on commission. Choose instead a planner with a payment structure based on flat hourly rate.

Finally yet importantly, take a look at the code of ethics that a financial planner adheres to. Make sure that planner looks after your best interests and keep an eye for the word “fiduciary”.

Why Do Contractors Need Insurance?

contractor insurance

Business insurance offers coverage to contractors that have various objects of activity and want to protect their business and budget. There are types of insurance required by the law in most of the states (liability insurance, workers compensation, commercial auto insurance) as well as optional policies.

What is insured?

Business insurance can be customized, according to the needs of each contractor. You can choose for what risks your business should be covered, so that you get full protection, adapted to your business and location.

In order to allow you to dedicate yourself exclusively to business management, insurers offer different types of coverage, created especially for the protection of the components essential for carrying out your activity:

  • buildings and other constructions
  • heating installations, fixed electrical installations, air conditioning systems
  • equipment, machines, tools
  • furniture, office supplies, electronic and electro technical equipment
  • stocks of goods and circulating means, raw materials, finished products or in progress
  • goods in transit

    Your employees will also benefit from protection.

Risks covered

Business insurance can fully protect you, if you choose adequate policies, according to the specific of your activity. Risks covered include several categories:

Protection for buildings, equipment, machinery, materials, goods that may be exposed to risks such as:

  • Fire, explosion, falling objects
  • Vehicle collisions
  • Damage to pipes, sewerage or central heating installations
  • Storm, lightning, flood, landslides, earthquake, snow
  • Theft, vandalism, political risks
  • Financial losses as a result of the interruption of activity, following a disruptive event
  • Sudden or unforeseen damage or destruction, caused by internal causes, of machines and equipment
  • Accidental damage or destruction of fixed or portable electronic equipment
  • Destruction, loss or theft of goods and products during transportation

Protection of clients, employees, as well as third parties who interact with your business and may suffer damages resulting from personal injury and/ or other destruction or loss of property, caused by unintentional actions, a poor state of the building, things or animals that belong to you and for which you are responsible etc.

Protection against other risks to which your employees may be exposed, such as:

  • Temporary incapacity for work (hospitalization, medical leave, surgery)
  • Invalidity, as a result of work accidents and occupational diseases
  • Death, as a result of accidents

Additional clauses for which contractors can opt

Depending on the object of your activity, next to the basic coverage you can choose one or more of additional clauses that will increase the protection offered by the business insurance:

  • Coverage of electrical damage
  • Coverage of portable equipment
  • Coverage offered in the event of falling or collapsing stocks
  • Compensation offered in advance
  • Coverage for business downtime

The functions of business and contactor insurance

  • Financial compensation for losses caused by certain risks
  • Prevention of damages, which can be achieved by financing certain risk prevention activities and even educational programs for the insured
  • Financial function – The insurance companies invest the money in the form of insurance premiums, increasing the existing availabilities
  • Saving money and protecting the budget
  • Reducing costs related to social protection – Insurance companies help the states when it comes to social and medical assistance, compensation for work accidents etc.

Should You Use a Recruiter as a Behavioral Health Professional?

As a behavioral health professional, you can use a recruiter to change your workplace or to hire specialists for your business in the field of behavioral health.

A good recruiter needs many skills, such as communication, networking, creating lasting relationships and having knowledge about human behavior. They must be persevering and seeking the right people for the job and not being disappointed or discouraged when they encounter obstacles. In addition, in order to be successful in what they do, recruiters should have sales skills. People change their jobs because they want to meet certain individual needs. The recruiter must identify these needs and “sell” the job and the image of the company so that they meet these needs.

What is the role of the recruiter in a business focused on behavioral health?

The recruiter’s role is to minimize the amount of time a manager would need to look for, meet and hire candidates with the education and training required to get a job in the behavioral health field. The recruiter must discuss with the manager, find out about the vacancies, the deadlines for finding candidates looking for Psych RN jobs Massachusetts opportunities, deal with posting the recruitment announcements, selecting and contacting candidates based on their CVs, interviewing and informing them about the result of the selection process etc.

finding Psych RN jobs Massachusetts opportunities

How do we choose a good recruiter?

A good recruiter should be able to:

  • help define the job profile and establish the expectations of the candidates
  • deal with searching, sorting, screening and presenting the best candidates
  • coordinate the recruitment process and help the manager prepare for interviews
  • complete the reference checks and follow-ups
  • be a mediator between the company and the candidate to ensure that the hiring process goes smoothly
  • allow the manager to focus on their business, not on the recruitment process

Are there different profiles of recruiters?

There are professionals who deal with the recruitment of a certain type of candidates, such as those who are focused on the behavioral health field and there are others who prefer to recruit for other fields – IT, marketing, real estate, etc.

What are the criteria by which the success of a recruiter is measured?

The success of a recruiter can be measured by various key performance indicators, such as: the amount of time the recruiter needed to identify the best job candidate, the cost of recruiting (internal costs, bonuses, traveling costs etc.), number of vacancies, longevity and quality of new employees (recruiters apply surveys 6-12 months after employment, to determine the performance of the new employees).

Why should you use a recruiter as a behavioral health specialist?

A recruitment company specialized in behavioral health has specialists who deal with the recruitment process daily and a large database of job offers and potential candidates. It communicates openly with candidates, attracting them and convincing them to come to interviews and accept jobs that are a good match for their education and professional expectations.

The main benefits of using a recruiter include:

  • Time optimization
  • Experience gained in the recruitment processes
  • Lack of fixed costs. Typically, there is a commission paid when the expected results are achieved.

How to Cancel a Timeshare Legally and Get Back Some of Your Peace of Mind

got questions?

The question of how to cancel a timeshare legally is certainly not a new one. While many experts believe that timeshares are not a worthy investment, a lot of people continue to get them for personal reasons. Unfortunately, the investment often turns out to be too much to handle in the end, and after a while, you end up in search of legal support to help you get rid of your new timeshare.

If this sounds familiar to you, then finding the right way to cancel your timeshare legally might be your best option overall. In most cases, your possibilities in this respect are limited, but the ones that work will actually work almost every time.

Knowing What a Timeshare Is and What to Do About It

So, what is a timeshare and why would you need to cancel it? A timeshare is typically a strip of property that you get – most of the time for vacation purposes – and that offers you some limited ownership options. You might be able to take temporary ownership for a week or two at a certain date, when you plan on going on vacation, but at the same time you’ll have to pay for it on an annual basis.

Now, there are of course, many benefits to timeshare ownership. One of them is that you don’t have to look for a property to rent every time you go on vacation. Another one is that your family will get used to the location, so it can become comfortable and convenient after a while. Finally, with a good timeshare contract you’re likely to have larger accommodations for the same amount you’d pay on rent.

On the other hand, not all timeshare contracts are fun and sunshine. All of them are legal agreements that can be enforced through law. However, some of the clauses included in these contracts are downright offensive to the economic stability of the client, and if you’ve ever faced the consequences of getting a timeshare you later regretted, you know exactly what I’m talking about. In these cases, you usually have to get out of the contract as soon as possible. Fortunately, there are a few elegant and practical ways you can do that.

Steps and Recommendations for Having Your Timeshare Canceled

How to get rid of a timeshare is easy. Just call up the resort company you made the deal with, and agree to pay whatever they ask for that the contract might say. The only problem is the expenses involved will usually be very steep. As a result, experts on how to cancel a timeshare legally will typically advise you to look for methods to have your timeshare canceled, instead of just canceling it through the regular approach.

The best step is to contact an attorney and hire them as your legal representative. Be sure to thoroughly discuss the attorney fees so you don’t end up having to pay an exaggerated amount. Once you find a reputable attorney, discuss the contract and your rights as a timeshare holder. After that, have the attorney look through the available options and provide you with a detailed plan of action.

In most cases, coordinating with your attorney should be easy, and you can even do it by phone. However, you’ll still be in charge of mailing or faxing the legal documents required, so when it comes to the details of how to cancel a timeshare legally, you’ll still have to stay involved.

Leasing New Cars for Your Business: What to Look for in Auto Leasing Companies

Auto leasing companies have the possibility to offer you some of the best vehicles you can find on the market. If you need a fleet of vehicles for your business, or if you just need a few cars to get your merchandise to the surrounding cities and areas, you can get a few excellent deals with the help of these companies.

car, money. finance

But what are the most important things you have to remember about working together with these services? Also, what is it exactly that you should look for when considering which auto leasing service to contact?

What Are the Advantages of Leasing Cars or Trucks for Business?

As many experts can tell you, contacting commercial truck leasing companies is a much better idea than purchasing vehicles for business or using your own. Aside from the fact that the vehicles you use for your transport or delivery business will require constant maintenance, which will also cost a lot of money, they might break down from time to time due to exceeding wear and tear.

Under these circumstances, spending huge amounts of capital on purchasing your own vehicles is simply not financially feasible, nor will it allow you to recover your investment any time soon.

On the other hand, leasing provides you with a viable alternative. Not only is leasing less expensive, but it allows you to fine tune your investment. Suppose you need 10 vehicles to comfortably finish the job you need to assign to each of them. By buying them you end up with a large investment, and even if you try to minimize it by buying only 6 or 7 at first, the investment is still sizable, and you don’t have as much control on it either.

With leasing, you can easily tweak your monthly expenses depending on the returns you get from your business. Giving up 1-2 vehicles then makes a lot of sense as a short term boost to your finances, and you can also grow your fleet of vehicles more steadily.

3 Important Leasing Tips to Follow

When leasing new cars, it’s essential to try and find the best offers on the market and to make sure the auto leasing company you aim to do business with is respectable. Here are a few tips to help you out regarding these concerns:

  1. Can you find any lease specials? Discounted offers can often help you get lower interest on slower-selling models without sacrificing on quality. Also, these offers will assist with your business’ savings short term and long term. Just make sure to read the fine print of your contract as closely as possible, and be mindful about any additional expenses that aren’t immediately obvious.
  2. Consider the residual value of the cars you lease. The residual value is given by the car’s depreciation over the lease period. For example, if a car is worth $20,000 and you lease it for 3 years at a price of $250 per month, then its depreciation shouldn’t be much higher than $9,000 – the total amount you’ll be spending.
  3. Finally, make sure you ask your vehicle leasing company about the interest rate and compare the rate with that of other companies to find the best offers on the market.

By following these basic tips while searching for auto leasing companies in your local area, you should easily be able to find responsible and trustworthy dealers who can help you make the best possible choices.